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Cable Update (GBPUSD)

  • #69,681
  • Jun 9, 2008 2:37pm Jun 9, 2008 2:37pm
Quoting zweig
navin ,,can i help you with just one trade to get you acc up and running upto 30k from 4000,, go and short the gbp/jpy at 215.80 stop 200 pips and limit 3000 pips..leave till 183 and ,then start seriuos with youre trading with max 20 to 60 pip stop... just a thought
thx man ....but im thinking 217.23....short there....

why 215.80
also i never be able to hold this type of trade...to damn emotional
  • #69,682
  • Jun 9, 2008 2:45pm Jun 9, 2008 2:45pm
at 115 and 115.90 is a diveragnce of a 382 & 618 and it might be the res of the TL and its busy with wave 4 and wave5 will start soon till 183 ...183 is the 161.8 fib ext from the first ABC move of the head & S ..well it might go further out into next year,..just look for topping activity at the gbp/jpy from 114 upto 116 ..
  • #69,683
  • Jun 9, 2008 2:48pm Jun 9, 2008 2:48pm
Quoting zweig
at 115 and 115.90 is a diveragnce of a 382 & 618 and it might be the res of the TL and its busy with wave 4 and wave5 will start soon till 183 ...183 is the 161.8 fib ext from the first ABC move of the head & S ..well it might go further out into next year,..just look for topping activity at the gbp/jpy from 114 upto 116 ..
thx man ....i certainily will .u know normally i would just dismiss what u said but i know u know yur doing so i shall make a note of it and when the time comes trade it...

thank u
  • #69,684
  • Jun 9, 2008 2:51pm Jun 9, 2008 2:51pm
navin ,,i was exactly in the same boat,,start trading 18 years ago,wiped my acc many times and im just not that fortune enough like all the americans to top my acc upto 50k and start tradingwith that must play in my acc. so my last 5k deposit was all in into one trade on the gbp/jpy short in 1992 september i think ,,made 90 000$ with one single trade with one lot and after that,i never looked back ,with 5 000 is so difficult to build youre acc if you are a swing trader.
  • #69,685
  • Jun 9, 2008 3:00pm Jun 9, 2008 3:00pm
Quoting zweig
navin ,,i was exactly in the same boat,,start trading 18 years ago,wiped my acc many times and im just not that fortune enough like all the americans to top my acc upto 50k and start tradingwith that must play in my acc. so my last 5k deposit was all in into one trade on the gbp/jpy short in 1992 september i think ,,made 90 000$ with one single trade with one lot and after that,i never looked back ,with 5 000 is so difficult to build youre acc if you are a swing trader.
absolutely..trading is so difficult if u dont have much funds, maybe bordering almost impossible....i think this is what i need just one large win and i will just grow i know it...

but its getting this win, been trading since april now yet to get a win over 50 pips...but have had losses over 100 pips, im being over carefull and somehow this is making me make mistakes..

but im getting there slowly but surely
  • #69,686
  • Jun 9, 2008 3:05pm Jun 9, 2008 3:05pm
Quoting zweig
navin ,,i was exactly in the same boat,,start trading 18 years ago,wiped my acc many times and im just not that fortune enough like all the americans to top my acc upto 50k and start tradingwith that must play in my acc. so my last 5k deposit was all in into one trade on the gbp/jpy short in 1992 september i think ,,made 90 000$ with one single trade with one lot and after that,i never looked back ,with 5 000 is so difficult to build youre acc if you are a swing trader.
Very motivational story. Thanks for sharing.
  • #69,687
  • Jun 9, 2008 3:12pm Jun 9, 2008 3:12pm
just look for topping activity at 115 level .we will see a abc move from there then a sudden drop to 183 level .we can enter at the top and then we can add more lots on the first abc move for a sudden drop till 183 aprox. and cash over 60 k , and then you can start youre own MM trading style
  • #69,688
  • Jun 9, 2008 3:25pm Jun 9, 2008 3:25pm
Quoting nAVIN2007
if we break 1.98....then 2.0 should be seen...

ABCD pattern with last retracement
Hi Navin.
Hope D is not at 1.9360, It is possible that todays High is turning point for G/U, if so, we shall have the confirmation with tomorrows opening. I shall be looking for short positions, under tomorrows 6.00 am opening, providing there is an IB.
Make sure losses are small and profits are bigger!
  • #69,689
  • Jun 9, 2008 3:29pm Jun 9, 2008 3:29pm
wow
how many pips did u make to reach 90k

anyway thats impressive took balls of iron to make such a trade
cause i mean if i went to the future and saw wat the markets did
and returned to the past knowing excatly were cable for example would move
even then i wouldnt dare invest my whole account

so i respect wat u did
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,690
  • Jun 9, 2008 3:31pm Jun 9, 2008 3:31pm
the market is gonna be moving guys so get in where you fit in, if it drop we could see somewhere around 1.9470, watch for any sign this thing will go up, i got my buy and stop orders in, good luck.
If I Go Broke Trying Then I Will die happy.
  • #69,691
  • Jun 9, 2008 3:38pm Jun 9, 2008 3:38pm
Sorry zweig but there is no way to predict a 3000pip top with 200SL accuracy, maybe you got lucky and stumbled into 1, millions of other people didn't, much like the lottery which people still win.

Sorry again!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #69,692
  • Jun 9, 2008 3:42pm Jun 9, 2008 3:42pm
ok ..ill remember youre name ,,will speak to you later in the year,..im still short at 115.50/90 and limit at 183 .
  • #69,693
  • Jun 9, 2008 3:47pm Jun 9, 2008 3:47pm
guys don't get into a trading war, here one of the reasons why, read thread below.

http://www.forexfactory.com/showthread.php?t=39550
If I Go Broke Trying Then I Will die happy.
  • #69,694
  • Jun 9, 2008 3:48pm Jun 9, 2008 3:48pm
Quoting 2be
Hi Navin.
Hope D is not at 1.9360, It is possible that todays High is turning point for G/U, if so, we shall have the confirmation with tomorrows opening. I shall be looking for short positions, under tomorrows 6.00 am opening, providing there is an IB.

so do i .....lol

so long as the daily doesnt end as a pin i think long should be good ....but the blasted news might/will bring this puppy down..im thinking
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  • #69,695
  • Jun 9, 2008 3:58pm Jun 9, 2008 3:58pm
Quoting Moe
guys don't get into a trading war, here one of the reasons why, read thread below.

http://www.forexfactory.com/showthread.php?t=39550
read on.

http://www.forexfactory.com/showthread.php?t=39550
If I Go Broke Trying Then I Will die happy.
  • #69,696
  • Jun 9, 2008 4:03pm Jun 9, 2008 4:03pm
gbp/jpy ..
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  • #69,697
  • Jun 9, 2008 4:32pm Jun 9, 2008 4:32pm
Quoting zweig
ok ..ill remember youre name ,,will speak to you later in the year,..im still short at 115.50/90 and limit at 183 .

You do that, doesn't prove more than you just got lucky again even if it does win sadly.

Good luck though!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #69,698
  • Jun 9, 2008 4:37pm Jun 9, 2008 4:37pm
Quoting Turveyd
You do that, doesn't prove more than you just got lucky again even if it does win sadly.

Good luck though!!

i thought the very definition of luck was winning UNINTENTIONALLY
turv no disrespect man but the guy gave analysis and thus an educated guess so he studied it thoroughly which means if he wins it will be because of his analysis and not luck and all we can truly tell him is

and if he doesnt all we can say is hard luck
after all have u ever seen a guy win the lottery twice????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,699
  • Jun 9, 2008 4:45pm Jun 9, 2008 4:45pm
Quoting salah k.
i thought the very definition of luck was winning UNINTENTIONALLY
turv no disrespect man but the guy gave analysis and thus an educated guess so he studied it thoroughly which means if he wins it will be because of his analysis and not luck and all we can truly tell him is

and if he doesnt all we can say is hard luck
after all have u ever seen a guy win the lottery twice????
#


absolutely..infact his analysis looks spot on .....good reasoning and that trade could well be the one, we all need...
  • #69,700
  • Jun 9, 2008 5:14pm Jun 9, 2008 5:14pm
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